Miami, Tuesday, August 8, 2024 – The Miami International Securities Exchange (MIAX) and other exchanges have withdrawn their proposals to list and trade options on spot bitcoin exchange-traded funds (ETFs).
The withdrawal was detailed in filings with the U.S. Securities and Exchange Commission (SEC) and came after similar proposals by MIAX PEARL and BOX Exchange LLC were also retracted.
MIAX first introduced its proposal in January 2024, shortly after the SEC approved spot bitcoin ETFs from major financial institutions such as BlackRock, Grayscale, and Fidelity. The proposals aimed to allow options trading on these ETFs, a move that has sparked both interest and concern within the financial community.
The retraction comes amidst ongoing discussions within the SEC regarding the regulation of crypto-related financial products.
